OKLAHOMA CITY, Oct. 24, 2013 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) announced that its Board of Directors, at its October 23, 2013, meeting, approved an increase of 14% in the regular quarterly dividend to 8 cents per share. The dividend will be payable on December 10, 2013, to shareholders of record on November 25, 2013. Panhandle Oil and Gas Inc. (NYSE-PHX) is engaged in the exploration for and production of natural gas and oil. Additional information on the Company can be found on the internet at www.panhandleoilandgas.com. SOURCE Panhandle Oil and Gas Inc.